Two Thumbs Down on the Financial-Reform Bill
For those of you still recovering from Gary Becker‘s take on immigration, you might want to skip his assessment of the financial-reform bill that looks set for passage. But if…
For those of you still recovering from Gary Becker‘s take on immigration, you might want to skip his assessment of the financial-reform bill that looks set for passage. But if…
In a nifty piece of forensic analysis, two researchers claim to have figured out how to tell when executives are lying. David Larcker and Anastasia Zakolyukina analyzed 30,000 conference calls…
[omny:https://traffic.omny.fm/d/clips/aaea4e69-af51-495e-afc9-a9760146922b/14a43378-edb2-49be-8511-ab0d000a7030/43b4d44f-6625-43a2-8edb-ab0d001c2710/audio.mp3] Mitt Romney won big in New Hampshire, but his opponents are vowing to push on in South Carolina. Which means stepping up their pleas for cash. In an e-mail…
A new paper in the American Economic Review (abstract; PDF), summarized here, finds that Americans aren’t very consistent when thinking about financial risk. Liran Einav, Amy Finkelstein, Iuliana Pascu, and…
My colleague Richard Thaler writes about his recent experience at economics conferences: Over the last month, one question seemed to be on everyone’s mind at the economic conferences I attended…
In early December, I spoke at a Yale Law School breakfast on the current financial crisis — focusing on Robert Shiller‘s book, The Subprime Solution. (Several of my earlier posts…
Not long ago, I wrote about the sad state of financial literacy in the U.S., and how some people, like Annamaria Lusardi of Dartmouth, are proposing widespread education to fix…
…to harm the organization (Gallagher, 2006; Oppler et al., 2008). Bernerth elaborates in a press release: With regards to personality and credit – it makes sense that conscientiousness is related…
There’s a strange view out there that with unemployment above ten percent, and inflation subdued, the Fed should be thinking about raising interest rates.Yesterday Philadelphia Fed President Charles Plosser attempted…
In the wake of any financial crisis, a few people are always trotted forth (sometimes they do the trotting themselves) as having seen the particulars of the crisis in advance…
My University of Chicago colleague Raghu Rajan has started a blog. Raghu is a serious economist: very thoughtful and highly respected.? He is the former chief economist at the International…
Aaron Zelinsky is a Yale law school student with a knack for coming up with interesting ideas. Last year, I blogged about his proposal for fighting steroid use in sports…
…long term adverse effect on government finances. Equally deleterious to economic health is the recent vogue of cutting interest rates to near zero and holding them there for a sustained…
(Digital Vision) I’ve written on the woeful state of Americans’ financial literacy a few times in the past. There is probably no academic researcher more attuned to the problem than…
My colleague Glen Weyl and Eric Posner at the University of Chicago Law School, argue in a recent white paper, that new financial products should be subject to regulatory approval…
Anxious investors can take heart: Congress’s August recess begins at the end of this week, which has historically been a good thing for the markets. Michael Ferguson and Hugh Douglas…
My former student Sean Harper has put together a nifty little web site, truecostofcredit.com, that allows you to see how much merchants are charged when you use your credit card….
These days, many Americans — including Mike Bloomberg and Chuck Schumer — fear the answer to that question will soon be “no,” if it isn’t already; London is poised to…
What risks are worth taking? When should you ignore feedback and go with your gut? And what did Stephen learn on a fishing trip with the town barber?…
Are fantasies helpful or harmful? How is daydreaming like a drug? And what did Angela fantasize about during ninth-grade English class?…
…Carolina University found that handicapped parking spots received the fewest illegal parkers when vertical signs contained a message saying that concerned citizens were watching the spaces. Getting personal may work….
…the traffic. In short, they’re the perfect transportation vehicle for people who do not have a personal transport and do not wish to take the bus. The case I point…
…phone number. In November 2011 Lee Beaumont paid £10 plus VAT to set up his personal 0871 line – so to call him now costs 10p, from which he receives…
Also: is it better to send a congratulatory note to someone who deserves it or a condolence note to someone who needs it?
As a former top adviser to presidents Clinton and Obama, he believes in the power of the federal government. But as former mayor of Chicago, he says that cities are…
College tends to make people happier, healthier, and wealthier. But how?
…holes into the heads of mentally ill patients to drive out hallucinogenic spirits, or saying mental health was the interactive balance between a person’s bile and their phlegm. My personal…
Making money in the stock image business requires a sharp eye for trends, a very specific type of model, and a race against A.I. Zachary Crockett takes his shot….
Some say that a major cause of the U.S. housing bubble was a surge in savings overseas, particularly in China, where the personal savings rate soared to 30 percent of…
Are there downsides to “personality plagiarism”? Why did no one buy the Crayola Crayon Carver? And should Stephen feel bad for copying Angela’s email signature?…
